Market Overview

Benzinga's Volume Gainers

A number of stocks are moving higher on extremely heavy volume on Wednesday. Names that traders should keep an eye on include CA Inc. (NYSE: CA), Life Technologies (NASDAQ: LIFE), Alkermes (NASDAQ: ALKS), and Fluidigm Corp. (NASDAQ: FLDM).

CA Inc. - The stock has surged 9.38% after the company raised its 2012 earnings guidance. CA now sees earnings per share of at least $2.21 versus previous guidance of no more than $2.18. Wall Street analysts currently have consensus EPS estimates for CA of $2.15.

Life Technologies - This stock is trading up in sympathy with Illumina (NASDAQ: ILMN), which has jumped 46% to $54.97 after receiving a hostile takeover bid from Roche. LIFE shares have gained 3.24% on Wednesday to $48.84 on 311% of the normal average volume.

Alkermes - ALKS was upgraded at MKM Partners from Neutral to Buy today and the shares are getting a boost on heavy volume. ALKS has added nearly 6% on volume which is running 225% above the daily average.

Fluidigm Corp. - FLDM also appears to be benefiting from the ILMN takeover bid, as the stock has surged 7.38% to $14.85 on heavy volume.

Posted-In: Earnings News Guidance M&A Intraday Update Movers

 

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